Form 4: Macy's EVP, COO & CFO Adrian Mitchell Reports Stock Transactions
SEC Form 4 Filing
Adrian Mitchell, EVP, COO & CFO of Macy's, Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On March 24, 2024, Adrian Mitchell, the EVP, COO & CFO of Macy's, Inc., had 8,539 restricted stock units vest.
- These restricted stock units represent the equivalent of one share of Macy's common stock each.
- Following the vesting, Mitchell sold 3,437 shares on March 25, 2024, at a weighted average price of $20.2781 to cover tax withholding obligations.
- The sales occurred in multiple transactions with prices ranging from $20.225 to $20.33.
- After these transactions, Mitchell beneficially owns 104,200 shares of Macy's common stock and 17,078 restricted stock units.
Sentiment
Score: 5
Explanation: The document reflects standard executive compensation transactions, with no indication of positive or negative sentiment.
Industry Context
This filing reflects routine transactions related to executive compensation and tax obligations, common in publicly traded companies like Macy's.
Stakeholder Impact
- The sale of shares by an executive could have a minor, short-term impact on the stock price, but is unlikely to significantly affect long-term shareholder value.
Key Dates
| Date | Description |
|---|---|
| 03/24/2022 | Reporting person was granted 34,155 restricted stock units vesting in four equal installments beginning on the first anniversary of the grant date. |
| 03/24/2024 | 8,539 restricted stock units vested. |
| 03/25/2024 | 3,437 shares sold to cover tax withholding obligations. |
| 03/26/2024 | Date of signature for the Form 4 filing. |
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